Economics Circular Economy Questions
The concept of a circular economy is an economic system that aims to minimize waste and maximize the use of resources by keeping products, materials, and resources in circulation for as long as possible. It involves designing products for durability, repairability, and recyclability, promoting the reuse and refurbishment of products, and implementing efficient recycling and waste management systems. The goal is to create a closed-loop system where resources are continuously reused, reducing the need for extracting new resources and minimizing environmental impact.